LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) Prepares for Near-Term Transition from Exploration to Gold Production

Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) and may include paid advertising.

• Quebec-based LaFleur Minerals is preparing to move from exploration and development to final execution of its gold production strategy, at its sites in the renowned Abitibi Greenstone Belt of eastern Canada
• LaFleur released results of a positive Preliminary Economic Assessment (“PEA”), guiding its robust production plans for the Swanson Gold Deposit
• The Swanson Gold Deposit has an updated indicated and inferred mineral resource estimate of 227koz of contained gold
• Gold’s meteoric rise from around $2,000 per ounce four years ago to the market demand priced of around $5,000 strengthens the opportunity for LaFleur once production begins

District-scale gold explorer and near-term producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) is preparing for restart of production of the precious metal from its sites in the renowned Abitibi greenstone belt of eastern Canada — one of the most prolific Archean belts in the world. With the company’s Preliminary Economic Assessment (“PEA”) completed this month for its Swanson Gold Deposit in Québec, showing a capital-efficient project with strong economics by leveraging the company’s 100%-owned and refurbished Beacon Gold Mill. At a base case gold price of US $2,750/oz, the PEA forecasts an after-tax IRR of 65%, C$101 million NPV (5%), a 1.8-year payback, and all-in sustaining costs of US $1,569/oz, the company is positioned for a robust restart of gold production by year end.

“As we prepare for pre-operational tests and system checks at the Beacon Gold Mill in the coming months, we are transitioning from pure exploration and development to gold production execution,” LaFleur Chief Executive Officer Paul Ténière stated in a Feb. 18 news release (https://ibn.fm/Rr2JH).

The Beacon Gold Mill is one of LaFleur’s major assets, obtained from its prior owner for $1 million after the mill had already undergone about $20 million in upgrades. As the mill is restarted, it will produce mineralized material obtained from the company’s nearby Swanson Gold Deposit, part of LaFleur’s flagship Swanson Gold Project that contains 183 square kilometers of mineral claims and a mining lease rich in gold and critical metals. It may also generate income processing for other miners in the area. 

LaFleur’s timing is propitious, as gold continues to present a major opportunity thanks to its meteoric rise in market demand. As recently as 2022, when the Beacon Gold Mill was last in operation under its former owner, gold was trading at around $2,000 per ounce. The precious metal has since broken records time and again to now trade in the $5,000 range. 

The Quebec-based company’s recent oversubscribed and upsized $7.8 million financing has positioned LaFleur to complete planned upgrades to Beacon in preparation for the restart and to continue exploratory work, whereby 30% of the recommissioning work is already complete, showing steady operational progress. The project is characterized by significant structural disruptions and shear zones within a 7 km-wide volcanic corridor of the greenstone belt that promises the potential of deposits that may extend for long distances along faults and continue to depth beyond early drilling. With Swanson’s mineral resource estimate (“MRE”) as released within its PEA, increased by 30% from its 2024 MRE, the company is showcasing consistent growth potential of the project. The updated resource of 160.3 koz Indicated and 66.8 koz Inferred represents roughly a 30% increase in Indicated ounces since 2024, suggesting exploration upside and potential mine-life expansion.

Lafleur has filed an updated NI 43-101 Technical Report for the project, and the company has completed extensive work programs in 2025 for a total of approximately 15,000 metres to add to the historic 36,000 metres of drilling on the Project, including several new diamond drill holes, sampling them, sawing and submitting them to the lab for assay results.

The updated 2026 Mineral Resource Estimate includes 2.96 Mt at 1.69 g/t Au (containing 160.3 koz Indicated) and 1.08 Mt at 1.93 g/t Au (containing 66.8 koz Inferred).

“(The mill) has a name plate of 750 (tonnes per day of production capacity) but we are looking at upgrades and refinements to get that to at least 1,000 tonnes or more per day,” Ténière said during a Feb. 10 webinar broadcast by Red Cloud Securities (https://ibn.fm/aW6wR). “It is able to process gold, silver, and even a little bit of base metals as well, so it can handle multi-element-type deposits. We’re fully permitted at the mill but also at the tailings storage facility for up to 1.8 million tonnes of tailings.”

For more information, visit the company’s website at LaFleurMinerals.com.

NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF

Qualified Person Statement:

All scientific and technical information contained in this article has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.

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